Interest rates play a crucial role in shaping the property market.

Whether you’re buying, selling, or investing, shifts in interest rates can significantly impact property prices, mortgage affordability, and market activity.

If rates drop this year, it could open new opportunities (or challenges) for anyone involved in property transactions.

In this blog, we’ll break down what a decrease in interest rates might mean for the housing market, and more importantly, what steps you can take to stay ahead, regardless of the outcome.

What Happens When Interest Rates Drop?

Interest rates are the cost of borrowing money. 

They directly influence how much it costs to take out a loan, including a mortgage.

When rates are high, borrowing becomes expensive, and fewer people can afford to buy homes. When rates drop, loans become cheaper, and demand for housing often increases.

But the story doesn’t end there.

Interest rates are closely tied to the broader economy. Let’...